Auditel Franchise newcomer Jeremy Bailey spent 30 years working in IT.
Auditel newcomer Jeremy Bailey spent 30 years working in IT. He started as a trainee computer programmer for a defence contractor in Rochester and concluded as an IT Operations Manager in the City of London for a major service provider. Having survived several rounds of redundancy, he had already thought about what he would do, should he ever become a target for losing his job.
Jeremy recalls: “I strongly believed that I could run a successful business, but with a family and large mortgage to support, I was unable simply to resign - even if I were to receive a payoff - and develop one from scratch. So the benefits of franchising and its potential to return positive income was always going to be my way, providing I could do it without significant borrowing.”
Jeremy first identified Auditel as a possible opportunity in 2006, but it was not until redundancy happened in 2009 that he was able to move ahead. He says: “My approach was to focus only on franchisors who were full or associate members of the British Franchise Association. While that may have excluded some very good opportunities from my search, I’m naturally risk averse, so I needed to select an established name.”
His search finally came down to three franchises, two in cost management and one in property management. He says they all looked like good businesses from which he could see himself achieving his targeted income levels within a 5-year plan. Jeremy adds: “Importantly for me, I also appreciated in all three cases, that the franchisors had put me through a selection process and were not just after my money.”
Jeremy rejected the property management company for two reasons. Firstly, because he could not achieve his required income levels early enough in his 5-year plan. But essentially, because his strengths were more aligned to a true B2B business rather than one that dealt with individuals.
Jeremy explains: “The decision to select Auditel over the other cost management franchise was firstly, because I considered that the Auditel business model was a few years ahead of the other company. The second reason was more subjective, coming down to gut feeling. I really felt most comfortable talking with the Auditel team: as well as appearing to be honest, open and trustworthy, I completely believe that they are committed to helping me make a success of my business.
Having a good redundancy package, which funded the franchise in its entirety and will continue to support him for the first year, Jeremy joined the Auditel network in December 2009. He is very enthusiastic about the training and support that he has received. “It was outstanding and I felt fully prepared to take my business forward. I have experienced tremendous support, not just from the head office staff, but also from other franchisees in the Auditel Network. There is a very positive culture of cooperation and support among the affiliates that is fostered and nurtured by the franchisor.”
Jeremy reveals: “I want to return to my previous earning levels before my second anniversary and to remain in this business up to retirement.”
And his advice to aspiring franchisees?: “Be prepared to be truly empowered! It’s great fun!.”
Visit The British and International Franchise Exhibition and find out everything you need to know about franchising - all under one roof!
4th March 2014
On Friday 14th and Saturday 15th March, Auditel will be exhibiting at The British and International Franchise Exhibition on Stand G120.
Richard Purkis - "Excellent Business Concept– Excellent Network of Affiliates and Head Office Team – Excellent Values"
25th February 2014
Richard Purkis recently joined Auditel. He is a Chartered Accountant with experience of working both in practice and industry.
Discover why your future is brighter with Auditel – Find out why the banks are keen to support Auditel
18th February 2014
There are two special Auditel Free Discovery Seminars featuring guest speakers from NatWest/RBS and HSBC at their Winchester Head Office in...
Paul Millican is 'engineering' a new career with Auditel
5th February 2014
East-Midlands-based Paul Millican joined Auditel last November after starting his career in engineering support
Auditel – an arresting opportunity for ex-Detective Inspector Terry McNamara
28th January 2014
Newcastle-based Terry McNamara is one of the new Affiliates who have recently joined Auditel
"Entrepreneur of the Year Award" Winner, Jane Campbell, joins Auditel
9th January 2014
Jane Campbell tells us about being an Auditel Cost Management Consultant and how she has become their Rising Star
Auditel's Seán Harnett is managing business costs for the Limerick Enterprise Development Partnership
12th December 2013
Seán Harnett joined Auditel last year and says that his previous experience will enable him to offer clients a valuable service.
'Maximising Opportunities' – Auditel’s 18th National Conference
5th December 2013
The 18th Auditel National Conference took place on Friday 29th November in the presence of over 130 Auditel Consultants and over 60...
The network provides amount of support in terms of what we do, how we do it, and technical developments, which is something you can't replicate if you work entirely by yourself. This 'knowledge bank' means clients have access to the combined wisdom of over 100 consultants.David Lowe, Auditel Consultant since 1995
11th February 2014
"Auditel – a strong product and clearly defined business model"